SStartup Funding

LQN raises $12M in a debt and equity deal led by Grupo Pegasus

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Colombian fintech LQN raised $12M in a round led by Grupo Pegasus. The financing includes $10.5M in debt and $1.5M in equity. 

LQN provides a digital platform used by banks, real estate developers, and brokers to originate and process mortgages.

LQN will use the funds to launch its own lending arm that offers home-secured loans, helping families borrow money using their property as collateral.

“We’re launching a proprietary lending vehicle for free-purpose loans with real estate collateral. 85% of homes in Colombia have no form of credit. Families have wealth locked inside their properties, and we want to help them make that capital productive to pay off debt or invest in their businesses,” said Andrés Pérez, LQN’s co-founder and CEO.

Founded in 2018, LQN has processed over 12K mortgages to date.

Read more on LatamFintech Hub.

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Matheus is a lawyer and a strategy consultant in Brazil. He has always been passionate about crating impact, be it through law, projects, deals, or innovation: he’s practiced Law as an attorney at Baker McKenzie, worked as an experienced hire consultant at McKinsey & Company and helped on the development of an early-stage startup.

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